Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: rolling on October 09, 2019, 10:03:28 PM

Quote from: abercrombie on October 09, 2019, 09:45:07 PM

ETF decision (drum roll) REJECT rule change Cry

https://www.sec.gov/rules/sro/nysearca.htm

So, basically, 95% of the Bitcoin market is fake volume and/or unregulated and therefore it is not possible to monitor the market for manipulation. Also, that 95% can't be separated from the real 5% in a reliable way that prevents the fake/unregulated/manipulated exchanges from affecting the price of the real exchanges and therefore, the ETF is denied.

sounds about right

Quote

Based on that, i don't see how it will ever be approved.

well.... maybe..... I mean.....

They'll probably view it differently once Bitcoin starts carving out its space in the financial system

This is uncharted waters, even for the SEC.